Albion Distributors' revenues and expenses for the fiscal year just completed were $2,347,000 and $2,189,000, respectively.
a) If in the current year revenues rise by 10% but expense increases are held to 5%, what will be the percent increase in operating profit?
b) If, instead, revenues decline by 10% and expenses are reduced by 5%, what will be the percent change in operating profit?

Question

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The Answer of Albion Distributors' revenues and expenses for the fiscal year just completed were $2,347,000 and $2,189,000, respectively.
a) If in the current year revenues rise by 10% but expense increases are held to 5%, what will be the percent increase in operating profit?
b) If, instead, revenues decline by 10% and expenses are reduced by 5%, what will be the percent change in operating profit?

Albion Distributors' Revenues and Expenses for the Fiscal Year Just